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SUPERIOR SAVINGS CREDIT UNION

Dec, 31, 2023 — SUPERIOR SAVINGS CREDIT UNION is a federally insured state chartered credit union headquartered in MASSILLON, OH with 2 branch locations and about $29.44 million in total assets. Opened 56 years ago in 1968, SUPERIOR SAVINGS CREDIT UNION has about 2,754 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:SUPERIOR SAVINGS CREDIT UNION
Address:
(Main Office)
1807 LINCOLN WAY E
MASSILLON, OH 44646-6962
Phone:(330) 833-0751
Fax:(330) 833-2159
Website:https://www.superiorsavingscu.com
Branches:2 branch locations
Members:2,754
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:63502
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1968
Last Audited:Feb 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$29,443,342
CEO/Manager:Deborah J Carpenter
Chairperson:Sandra Norman

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,273,542
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 1,173,440
 Unsecured Loans 851,817
 Other Loans 7,139,625
 TOTAL LOANS 9,164,882
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -124,030
 Land And Building 499,856
 Other Fixed Assets 8,407
 NCUSIF Deposit 259,270
 All Other Assets 0
  TOTAL ASSETS 29,443,342
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 297,946
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,832,118
 Regular shares 11,515,274
 All Other Shares & Deposits 11,350,963
  TOTAL SHARES & DEPOSITS 26,698,355
  TOTAL LIABILITIES 26,996,301
 Regular Reserve 0
 Other Reserves 477,183
 Undivided Earnings 1,969,858
  TOTAL EQUITY 2,447,041
  TOTAL LIABILITIES, SHARES, & EQUITY 29,443,342
INCOME & EXPENSE  
 Loan Income 422,137
 Investment Income 129,758
 Other Income 117,851
 Total Employee Compensation & Benefits 374,805
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 385,810
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,020
 Cost of Funds 23,281
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -42,682
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